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Byju's Answer
Standard X
Social Science
Green Revolution, Its Impact, and the Current Reforms to Develop the Agricultural Sector
What is minim...
Question

What is minimum support price?

A
Price guaranteed by the government
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B
Price available in the market
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C
Extra price given by the government to support farmers
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D
Minimum price every farmer earns
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Solution

The correct option is A Price guaranteed by the government
Minimum support price is the price guaranteed by the government for a particular crop. This rate is to safeguard the farmer to a minimum profit on the harvest, if the open market has lesser price than the cost incurred.

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